Weekly Economic Update November 30, 2020

Weekly Economic Update

Presented by Chris Giordano, November 30, 2020

 

COVID-19 MAY THREATEN THE RECOVERY

A new wave of COVID-19 cases threatens to trip up the economy. Increasing cases in Europe and the United States have brought new restrictions on activities, but the market doesn’t appear to be fazed by the recent outbreaks. Progress on developing vaccines has provided a clear boost to sentiment, but prospects for a divided Congress and the potential for more fiscal policy support also may be playing a role.

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Weekly Economic Update November 23, 2020

Weekly Economic Update

Presented by Chris Giordano, November 16, 2020

FROTHY SENTIMENT RIDES BULLISH TECHNICALS

The post-election environment and positive developments toward a COVID-19 vaccine have led to a surge in stock prices. The added clarity on these two fronts has boosted sentiment, which may present a risk in the near term as stock prices are near all-time highs

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Weekly Economic Update November 9, 2020

Weekly Economic Update

Presented by Chris Giordano, November 9, 2020

MARKET-FRIENDLY ELECTION OUTCOME

Heading into the election, polling data and market signals disagreed on how close the presidential election would be, with market signals calling the race much closer—which turned out to be accurate. Now that we have more clarity on the results of the election, we can review what we believe will be some of the key market implications going forward.

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The Market’s Mixed Election Signals

The Market’s Mixed Election Signals

Presented by Chris Giordano, October 16, 2020

 

With Election Day just under a month away and voting already taking place in many states, it is still anyone’s guess who will win on November 3. With all of the noise surrounding the election, we prefer to focus on the signals coming from the market. However, perhaps even the market is having a tough time sorting out who will win once the votes are counted.

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Weekly Economic Update November 2, 2020

Weekly Economic Update

Presented by Chris Giordano, October 13, 2020

 

RECORD GDP ON THE EVE OF THE ELECTION

2020 has been a year of records, both record losses and record gains. After a brutal spring, markets and the economy have mostly rebounded in the summer and fall. We take a closer look at October 26’s record gross domestic product (GDP) report, which may have implications for the upcoming presidential election.

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Weekly Economic Update October 13, 2020

Weekly Economic Update

Presented by Chris Giordano, October 13, 2020

 

EARNINGS GROWTH IS APPROACHING

This earnings season, corporate America will get closer to the return of earnings growth—which is likely in the first quarter of 2021. We probably will have another decline in profits for third quarter 2020, though potentially only about half as big as last quarter’s. And we will undoubtedly hear more about uncertainty—both COVID-19 and election-related. We also highlight three things investors can watch this earnings season.

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